Dubai-based developer Damac Properties has launched what it says are the emirate’s first ever golf condominiums, to be located within its 28 million sq ft Akoya project. Akoya includes the recently-announced Trump International Golf Club Dubai, which is being designed by architect Gil Hanse.
Prices for the units, which come in various sizes, include a swimming pool, landscaped gardens, and a gymnasium, start at AED 900,000 (US$245,000). Each region, named Golf Panorama, Golf Horizon, Golf Vista, Golf Terrace and Golf Veduta sits close to the course, overlooking the fifth, sixth, seventh and eighth holes.
Damac MD Ziad El Chaar said: “We expect these units to prove hugely popular with international investors looking to capitalise on Dubai’s position as the world’s top performing rental market.”
According to the latest report from property consultants Knight Frank, rents in Dubai increased by 18.3 per cent in the year to March 2013. Dubai’s property valuations are also experiencing strong growth with Asteco stating that valuations across the Emirate have grown 12 per cent in the second quarter of 2013 alone and by 38 per cent compared to Q2 2012.
“Dubai is back driving the international property market and all eyes are on the Emirate again,” added El Chaar. “It is the right time to bring a new living concept to Dubai and these condos will deliver a great opportunity to those looking for a secluded lifestyle a short distance from the city.”